India has committed itself at the G-20 to make its companies, IFRS compliant from April 1st, 2011. Though India has not adopted the IFRS in full but it converged its Accounting Standards (AS) to get those in line with the international reporting s
There was a specific objective behind section 397/398 of the Companies Act, 1956 and a great responsibility is cast upon the Company Law Board to protect the interests of the minority shareholders, to put an end to the matters complained of and to
Excise duty at the rate of 10% shall now apply to ready-made garments and made-up articles of textiles falling under Chapters 61, 62 and 63 (heading nos.63.01 to 63.08) of the Central Excise Tariff except those falling under heading nos.63.09 and
Change in Service Tax Refund Scheme Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The scheme of refund of service tax paid on specified services which were utilised for export of goods was given effect in 2007 vide Notification
Changes proposed for introducing Goods and Service Tax (GST) Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The introduction of Goods and Service Tax (GST) at both Central as well as State level is the dream of the Government de
When nothing is going right in the successful implementation of Goods and Services Tax (GST), suddenly a momentum changes in favour of those who are favouring the rolling out of the GST. The finance ministry is planning to table a Constitutional A
KINGS SPEECH UNION BUDGET- MY ANALYSIS Well its a mere coincidence that Union Budget and Academy Awards (Oscars) were announced on the same day. Kings speech swapped the show by claiming all the major awards like &n
Rates of Income Tax : in the case of every individual or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31
Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192
Key Features of Budget 2011-2012 OPPORTUNITIES Swift and broad based growth in 2010-11 has put the economy back to its pre-crisis growth trajectory. Fiscal consolidation has been impressive. Significant progress in critical inst
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English